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Cleveland-Cliffs CLF Eliminations — Cost of Product and Service Sold
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Where this comes from
Reported directly by Cleveland-Cliffs in its filing.
Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.
The source filing: Cleveland-Cliffs’s 10-Q, filed July 23, 2026.
- Filed
- Jul 23, 2026, 4:08 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000764065-26-000100
| (In millions) | Steelmaking | Other Businesses | Eliminations | Total |
|---|---|---|---|---|
| Revenues | $5,096 | $177 | $(47) | $5,226 |
| Cost of goods sold | (4,983) | (158) | 47 | (5,094) |
| Selling, general and administrative expenses | (147) | (7) | — | (154) |
| Net periodic benefit credits other than service cost component | 64 | — | — | 64 |
| Excluding depreciation, depletion and amortization | 254 | 8 | — | 262 |
| Other segment items1 | (16) | (2) | — | (18) |
| Total Adjusted EBITDA | $268 | $18 | — | $286 |
| Interest expense, net | (156) |
ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
FAQ
- What is Cleveland-Cliffs's eliminations — cost of product and service sold?
- Cleveland-Cliffs (CLF) reported eliminations — cost of product and service sold of -$47M in Q2 2026.
- How has Cleveland-Cliffs's eliminations — cost of product and service sold changed year-over-year?
- Cleveland-Cliffs's eliminations — cost of product and service sold decreased by 34.3% year-over-year, from -$35M to -$47M.
- What is the long-term trend for Cleveland-Cliffs's eliminations — cost of product and service sold?
- Over 3 years (2022 to 2025), Cleveland-Cliffs's eliminations — cost of product and service sold has grown at a 6.9% compound annual growth rate (CAGR), from -$90M to -$110M.
- What does eliminations — cost of product and service sold mean?
- This metric captures the cost of goods sold adjustments necessary to remove the impact of intercompany transactions during consolidation. It ensures that the cost of products transferred between segments is not overstated at the consolidated level. It is essential for accurately assessing the true production costs of the enterprise.
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